finland'sglund, defense ministry. thank you for joining us. cio. with us is chris, we have been discussing how to resolve the situation between russia and ukraine and europe. for you as a fund manager when you look at this, and the china story, and emerging, we are two months into the year. what is the dominant force? the ukraine situation, we are on the brink of war. that is what we are being told. how much of the concern is that for you? >> very interesting and in the sense that russia has a right into the treaty to be in crimea until 2042. it is asserting that right. the one question is what do they do with crimea and whether they move into the eastern part of the ukraine? that would be completely different magnitude. -- watche have to be carefully and not to jump to too many conclusions at this point. it is not an understandable move from russia. excising a muscle in the region. we have to see what the repercussions are from the debates. >> let's move on. in the backdrop, we have china and growth is slowing. we have the chinese authorities meet